Referring to the Fed's balance sheet management.
10/14/2025
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I have nothing for you on that today.
In effect, we went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United S...
It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our ma...
So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.